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stewart. my guest tonight, warren buffett and financial journalist carol loomis. they are on the show tonight and -- tonight meeting for the first time on this show. (laughter) they wrote a book together, actually. as you know, if there's one thing all americans can agree on, we love black friday. whether you're a fan of shopping or trampling. (laughter) which is why i was just -- i was so upset to see on this holiest of days a news story about people protesting in front of their local wal-mart. >> thousands of wal-mart employees are staging walkouts and protests over this holiday weekend. the workers are upset about having to work on thanksgiving day and they're also speaking out for better pay and benefits. >> jon: what? (laughter) you get to work at wal-mart on thanksgiving day! (laughter) a ring side seat to the greatest show on earth. >> i it's a black friday tradition. >> (bleep). i'll stab one of you mother (bleep) (audience reacts). >> jon: do you know how much people pay to go to fights like that? (laughter) you get paid -- some -- to see it. (laughter) isn't that benefit eno
interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many times higher than it is today. he is calling on rich americans to pay up. >> is warren buffett and out liar in this respect, or will he be able to drag with him -- is warren buffett on the outside in this respect, or will he be able to drive with him others? >> we have seen republican lawmakers start to soften. the key is whether republican donors start to soften, too. we have seen how the rich have a particular ability to lobby for their best interests, and that has been the story in america for the past three decades. this election with a bit of a referendum on that balance of power. we will see if the president has that muscle to push that through. interesting that you mentioned mark carney. he is a hero, in my book. as one of the governors of the bank of canada, he thought -- fought the powers there. >> sure the discussion that america is having now focus on this issue of inequality that you have written about in your book? and will
standing by while warren buffett was becoming warren buffett. and it was a remarkable thing that we were allowed to do and i loved it. >> rose: buffett and loomis for the hour. next. >> rose: warren buffett and carol loomis are here. one of the world's most successful investors and a long time friend of this program. she is the legendary "fortune" magazine writer who followed his career since he was a 35-year-old hedge fund manager from omaha. in 1966 she couldn't even get his name right. she spelled his name with only one "t." it was an unlikely start to a beautiful friendship and to "fortune"'s coverage of the man who we've come to know as a chairman of berkshire hathaway, tap dancing to work is carol loomis' new book, it's a collection of articles telling the remarkable story of warren buffett. it's also a story about friendship. i'm pleased to have them together at this table. welcome. >> thank you. >> rose: so good to have you together. >> terrific. >> i want to talk about the book and about the career and about "fortune" magazine and the relationship, but first this morning we all
reagan on california and isaacs on warren buffett. here we go. "varney & company" is about to begin. looking for a better place to put your cash? here's one you may not he thght of -- fidelity. now you don't have to go a bank get the things you want from a bank, like no-fee atms all over the world. free checkwriting and mobile deposits. now depositing a check is easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account day and discover another reason >> wednesday, november 28th a bombshell report from forbes this morning, 11 states are in a death spiral. don't buy a house and don't invest in their municipal bonds. california, new york, illinois, of course they're on the list and smaller states like mississippi and new mexico also on that death spiral list. and the problem with the states accord to go william baldwin, he wrote the story, more takers than makers and all have more people depending on the government than working in the private sector and like california, for
exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. check out this headline from the atlantic. this is the worst election for wall street in decades. they're hysterical. it goes on to say it is a combination of president obama, elizabeth warren, alan grayson, newly
in order. the president says you do it by taxing the rich. so does warren buffett. coming up next, why the tax man must cometh for all of us. whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. >>> it was a key theme of the president's reelection campaign. the rich need to pay more and the middle class must be spared. in fact, the president made the case again this week. >> if congress fails to act by the end of this year, everybody's taxes will automatically go up, including the 98% of americans who make less than $250,000 a year. and the 97% of small businesses who earn
and keith is right, president is bluffing. we'll see. warren buffett thinks it's good business for government to tax the rich. eric disagrees with the oracle of omaha. that discussion is next on "the five." ♪ ♪ many of my patients clean their dentures with toothpaste. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. [ male announcer ] polident. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-80
and credits are otherwise available to them. now we'll hear more directly about that from warren buffett later in the show. but this show is more about politics than economics. right now, remember that in 2010, president obama vowed to eliminate the bush tax cuts for the rich. well, he folded back then. he loud them to be renewed for another two years. but this time he campaigned on letting them expire and fresh off his election once again staring down a republican-led house, the president is warning the wealthy that they will pay more. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and according to economists will have the least positive impact on our economy. >> now in return for the tax revenue, the president says he'll negotiate with congress on spending cuts. he claimed the cuts together with the revenues from raising taxes on the rich would reduce the federal deficit by $4 trillion over the next decade. so that's the president's plan. but without a compromise with the republicans, america could be headed over the fiscal cliff. joining me
. dagen: im dagen mcdowell. warren buffett lays into grover norquist. he is here to respond. connell: $250,000. is there any chance that number will go off? dagen: a company ordering workers to get flu shots or lose their job. connell: the rush to get the gifts for the holidays. it is cyber monday. dagen: just remember connell mcshane, you are getting nothing from me. talking about wider markets. nicole: some of the traders, do not forget, last week we were gaining 3.3% on the dow jones industrials. right at that 1400 mark. hitting some key resistant levels. likely to see a little bit of a pullback. the trend is still to the upside. as far as the major market average, you are seeing the dow and s&p down a half of a percent each. i want to take a look at abercrombie and fitch. , that insiders, they talk about the fact that abercrombie was the clear winner of the weekend stops. connell: grover norquist. here is what he said this morning. >> supposed an investor that you admire and trust comes to you saying this is a good idea i think you should think about it. it all depends on what my tax r
down with warren buffett for wide-ranging interview and top of mind is the fiscal cliff. we talked in depth about the fiscal cliff and he certainly things lawmakers in washington should work together and, as he puts it, put country over party. that being said, he wants to see president obama take a very hard line in these negotiations with republican lawmakers. here's his take. what is the likelihood of the united states falling into a recession if we go over the cliff? >> i don't think that's going to happen. i think if we go past january 31st, but we're not going to permanently cripple ourselves because 535 people can't get along. >> even if we go over for two months, does that dip this economy back into recession? >> i don't think so. >> you don't think so. that's interesting because the cbo believes that. >> well, i mean, you know, we had hurricane sandy which disrupted the economy for a period. we had katrina many years ago. things will disrupt the economy. i mean, 9/11 was extraordinary case. but we have a very resilient economy. we had one for hundreds of years and the fact
having u.s. ambassadors killed in the future. that's it. >> okay. >>> coming up, warren buffett will be here onset. also senate majority whip dick durban. jake tapper and celebrity chef tom colicchio. >> those are all great. but now, unfortunately, we've got to wait for our good guests to come on. >> we're going to lose everyone. >> up next, jim vandehei joins us here onset. >> the clicking of channel changers across america. jim, we love you! come over here! >> bill karins -- oh, no, speaking of -- >> what? >> we call him c.g. for -- >> no, we don't. >> c.g., what do we got? >> now i've got to think of something creative for what c.g. stands for. snow is falling in a few areas this morning, we're looking at new jersey, looks like the suburbs outside philadelphia and new york could see snow. getting ready to treat a lot of those roads. a lot of that eco friendly rock salt. let's show you what's happening on the radar, the pink is where it's a little bit of a mix and the green is the rain. we've set up the boundary line somewhere north of philadelphia and just north of new york c
that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unemployment. the amount of tax hikes we're talking about here, piers, are about 3% of the gdp. so you're comparing apples to oranges. you can't say well, under clinton, this didn't happen. that was less than 1% of the gdp. we're talking three times that in the situation that we're
make two respectful points, warren buffett is extremely good businessman says that higher taxes will not impact his decisio to expand or not expand his buildings or factories and second thing, we're had very, very high taxes and very, very high corporate profits at the same time maybe a third thing with all due respect then what's the solution? we cannot keep running the big sits. >> i will say this with respect to the corporate profits. 1 1/2 trillion dollars is sitting outside of this country. a lot of these corporations when you dig through the numbers, every time they report, they're making money outside of this country. gary k, i think that's the point. businesses aren't making money in america, and sometimes, sometimes the public gets a little bewildered because the market's high beau that's not in direct correlation to our economy. >> i use the word potential. i've been saying this for-- it's a few years now, the potential forhis economy keeps getting headwinds, what's the headwinds? the uncertainty out of washington and the potential for higher taxes. we don't have a tax
and then later our news maker of the morning warren buffett, his fiscal cliff advice to washington all coming up at 8:00 eastern time this morning. le an] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment
, warren buffett ought to not pay a lesser percentage than his secretary. what the president proposes will increase taxes on those who are paying a different way for warren buffett. it won't affect him. let's go to a 15% capital gain, where we are right now. 15% flat tax on everything. 15%. let's get rid of the deductions, except mortgage interest and charitable deductions and everybody pays their fair share. you make more, you pay more. this is the time to hold the president to what he has been saying he wants. >> sean: the president -- he's almost back in campaign mode. republicans are holding the middle class hostage. so woo are going to get the talking points. but here'ss the the thing. governor christie who, i was mad at for embracing the president as much as he did during hurricane sandy -- >> a lot of good it did new jersey. >> sean: but he has it right on this one. he said, i don't want to address rate increases until i see what the president is willing to do on spending. government spebs too much. if the republicans give the president what he wants, up front, there will be no
me. >> coming up, warren buffett exposes the dirty little money secret of fellow rich guys, rush limbaugh and bill o'reilly and big news. chris christie is running and later, think about this. who is more christ like? the brave defender of christmas or the actor writer director, is bill o'reilly or ricky gervais more christlike? tweet us your answer and it will be in tonight's rewrite. let's see if we can get one past the defense. hut! go! here it comes! right on the numbers! boom! get it! spin! oh, nice hands! chest bump. ugh! good job, man. nice! okay, halftime. now, this is my favorite play. oh! i'm wide open. oh, fumble. fumble. don't want to fumble any of these. [ male announcer ] share what you love, with who you love. kellogg's frosted flakes. it's up... and it's good! good?! they're grrreat! with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring ho
. >> thank you very much for joining me. >> coming up, warren buffett exposes the dirty little money secret of fellow rich guys, rush limbaugh and bill o'reilly and big news. chris christie is running and later, think about this. who is more christ like? the brave defender of christmas or the actor writer director, is bill o'reilly or ricky gervais more christlike? tweet us your answer and it will be in tonight's rewrite. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put the
. this is the latest concern. >>neil: warren buffett said he never knew of a savvy investor that skipped out. >>guest: i was going do bring this up, he is a great speculator. that doesn't noon he knows a damn thing about economic policy. i can't believe people turn to him as the sage about the economy. i talk to investors all day, they worry about taxes. particularly long-term investors, average people. >>neil: who does he talk to? >>guest: face it, warren buffett is lately a mouthpiece of this administration. he is their corporate mouthpiece. one of them. particularly the most vocal. he writes op-eds and goes on the stump and shows up with the president, shows up at the state of the union so take it for what it is worth through the political prism of warren buffett who has been a liberal and he has become more so. you talk to average investors not speculators, he is a speculator, he goes in and says, this company is great, this isn't, i will invest if this company, he is a long term speculators and --. >>neil: play that out. say the dividend rates, all the investment-related rates go up, what will h
. melissa: here is what is "money" tonight. warren buffett's plans tax hike critics claiming that higher rates would not put a freeze on investing. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could more businesses follow suit? if even when they say it's not, it's always about "money." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some other best in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december
speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is why. the contention that rich people will stop hiring is nonsense. we already know that more than a million americans to employ people and paying there taxes through there individual income-tax. according to the heritage foundation, the amount their taxes would rise would be equivalent to one employee salary. one person there would not hire. we will what is more, rinsed and young says these tax hikes would kill 710,000 jobs. buffett also says that rich people will stop investing. again, nonsense. when you tax something usually get less of it, like cigarette taxes to curb smoking or carbon tax to curb carbon emissions. financial advisers say individual investors are considering doin
. >> let me ask you about warren buffett. warren buffett saying that there's no tax pledge doesn't work. today, and i would like to play this to you over and over, he responded. take a listen to this. >> i agree with part of it. warren buffett really believe what he said, he could do it any other american who thinks that they are not paying enough xes, he could stop fighting the irs and just start paying for the irs says that he should be paying today. that is one thing. cheryl: that's true. >> if he believes that the federal government is the way we should be spending his money, then he should not have set up that chervil foundation and he should've written a check to the epa and to the federal government. you must inherently believe that it's better that you spend money through charitable trust and have washington spent his money. >> some of your collgues are turning against him. in fact, saxby chambliss is one of them. bob corporal, lindsey graham, i have been in office for a number of years and i never see the need for raising taxes on hard-working americans. if you put a dime on th
. well, warren buffett did know about this and wouldn't approve in the race. on the other hand, what does mr. buffett said so long as my managers the numbers as they see fit. it's indicative of the callousness going on, where we don't have that one or so focus on profit you could have a company go and say please die. >> host: but when we talked in your book about some of these industries being deregulated and certain the presidential campaign they talk about regulation in terms of democrats versus republican issues. but for more of these flaws, more of the problems created because of democrats or is this not a party related issue? >> guest: there's one party in washington and the state cap will come of the party money. frankly if you are ever elected to congress, we have to behave like every member of congress says because they want to get reelected, which means that to listen to people who provide money to pay for campaigns restaurant office and it's not going to be mary smith. it's going to be representatives of big corporations and wealthy individuals who just a little change here to b
made with the exception of warren buffett. what is the chance of a recession really go into the down slide because the president was big to say that president would not be that effective. still a million businesses that would be affected by a rise in the tax rate. >> very much so. put this in perspective since world war ii, to look at over the last 50 years the u.s. has been in recession 53% of the time. just the low altitude the economy is flying at the last two or three years leads us to believe the numbers are closer to 30% and that number is probably moving upwards in people's minds as we get closer to the cliff. liz: if we have faith our leaders will come up with a solution because it wants to be reelected again, don't you think now is a better time than later to get in because the market could do a moon shot and by then it could be too late trying to catch a rising star, harder than catching a falling knife, perhaps. >> i do believe there will be a resolution before christmas. what we need to focus on is it used to be seen as an act of statesmanship across the aisle and now to
. and in the insurance policy was bought by a warren buffett company. and a nurse comes around the gratian herself into bob manning slides in california where he moved, and eventually she goes to his home which they have a right to due to inspect. and the manning's are these wonderful people who, they adopted three children from the relative whose parents were killed, and marvelous human beings. this nurse goes into bob's room and points to the wall and system why don't you have a dnr? dnr means do not resuscitate. why are you having medics tried to keep you likely have one of your of emergencies which have us all the time, in effect asking him to die. bob's wife, bob, his nurse, his doctor, all the people who saw the nurse do this and/or other actions were just appalled by this. will, well, you know, warren buffett didn't know about this and wouldn't approve of italy's. but understand what does mr. buffett said about his company's? so long as my managers make their numbers, i let them run the bases that they see fit. and it's indicative of the callousness that is going on when we don't have balan
was owed. then the insurance policy was bought by a warren buffett company, and a nurse comes around engray shading herself into bob manning's life in california where he moved, and eventually he goes to his home, which they have a investigate to do to inspect. and the mannings are these wonderful people who accommodated three children from a relative where the parents were killed, and marvelous human beings. one of the sons grew up to become an airline pilot. and the nurse goes into bob's room and points to the wall and says, why don't you have a dnr. that means do not resuscitate. why how having the medics try to keep you alive when you have an a medical emergency. in effect, asking him to die. and bob's wife, bob, his nurse, his doctor, all the people who saw the nurse do this and her other actions, were just appalled by this. well, you know, warren buffett didn't know about dismiss wouldn't approve of it. on the other hand, what does he say about his company? so long as my managers make their numbers, i let them run the businesses as they see fit. and it's indicative of the callousness
entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york times" today renewing his stire to see taxes go up on people like him and him himself. in the op-ed he says people who make between a million and $10 million should see their taxable rate go up to 30% and those who make more than $10 million should be taxed at 35%. we'll be back after the break. see you on the other side. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's par
's most is castingusinessmen forecast. warren buffett says there will recession if spending cuts and higher taxes becomes the law. calling on house make a dealto happen. if 25 republicans decide to pushed the country above party and sign up for something that we do not need to go over the fiscal cliff. >> he says we will not permanently cripple ourselves because 535 people cannot get along. the district need aur help in the search for high-school principal charged in former school employees. atective said there is of thelmar the rest jarrett -- arrest of thelma jarrett. themselvesers turned today.lice earlier more tonightg about the expanding search for a believe shot a manager at a wal-mart. police released three surveillance photos of the suspect. demanded money from employees the wal-mart near one -- near route 198. is askedth information to call police. monitoring the story.ing we have learned that redskins hall has been fined $30,000 for moving his helmet and a rating an official -- berating an official. that have a health alert women need to see. a new cancer bombshell. the
points on both sides. we appreciate it. >>> all right, now onto the "oracle of omaha.". warren buffett changed the debate about u.s. tax reform for his call for the reach to pay more. calling for minimum tax rates for millionaires. are you kidding me? this will not make a dent in the deficit. here to disagree with me is christian dorsey from the economic policy institute. christian, thank you so much for coming back to the show. you are always a spirited debate partner. tell me why you like this. >> i'll tell you, melissa, to me this is not so much about the revenue that it would raise but about the message and principle it stand for, that we can't in this country have a situation where people are making millions of dollars effectively paying lower tax rates than america's middle class families. the principle of this, of this rule is actually what's most important. the revenue that it raises, it is important because it is not chump change but it is not in of itself going to change our deficit conversation but the principle is one that is extremely important. liz: but you're talking abo
%. give tax, 15%. let's make sure that warren buffett finally starts paying at least as much as a secretary in the percentage. what has been proposed here by the president will not have warren buffett paying the same as his secretary in percenta. a flat tax, lou. let's take the president at his word. if you make more, you'll pay more, and this is the only way that's going to happen. lou: i believe that the speaker, perhaps the president himself may have been talking to you, talking to steve forbes and others when it talked about the possibility of reforming the entire tax code. >> this is a great time. lou: well -- >> and not only that, let's not forget the lastime the senate and the budget it was when harry reid worked with his friend, speaker pelosi, and nobody in the 2008 budget complained that it was a spending enough money. let's go back to 2008, two and a half trillion. that cuts off a trillion in spending right there. lou: well, there are all sorts of ways to get there, as you ggest. it has been suggested in other forms as well. but the idea that this president and the
on increasing taxes on the rich and warren buffett said taxes should be significantly higher on the wealthy, many rich americans like those two guys are paying a lower tax rates, mostly because capital gain taxes are only 15% right now. will both sides seem willing to avoid an economic disaster by extending the bush tax cuts and why do republicans insist so much on protecting the rates on the rich >> regarding the language we use often about this issue. why don't republicans pay their fair share in offends. i hijacked your graphics department to show you why that offends them. the percentage of income tax by those we call the very richest of the rich, the top 1%, those that make over $340,000, they pay 36% of our total federal income tax, if we drop that to people who make above $150,000, the top 5%, you can see they pay about 59% of the total federal taxes. >> what level, what income level? >> top 5% which is about 153,000 so when you say pay your fair share. what is fair. that doesn't look very fair to me. that looks disordinantly heavy burden on the rich, fine. the second reason republic
strike a deal doesn't know much about congress or ducks. >> earlier this week, warren buffett shrugged off the impact of going over the cliff, which was interesting, during an interview with my colleague, poppy harlow. >> i think if we go past jun 1st, i don't know if it's january 10th or february 1st, but we're not going to permanently cripple ourselves because 535 people can't get along. >> even if we go over for two months, buzz that dip this economy back into a recession? >> i don't think so. >> after all your experience working in the white house and wondering, do you believe it's possible buffett was signaling that the president might be willing to go to the brink, to go over the fiscal cliff, as part of a grand taxes and entitlement bargain? >> maybe. there are two ways in which the fiscal cliff can be avoided. way number one is if between now and january 1st, congress and the president decide to delay everything. delaid the tax increase that would come about because of the end of the bush tax cuts and delay spending cuts to a date, say march 15th, by which time they would have
Search Results 0 to 49 of about 314 (some duplicates have been removed)